NOT LISTED FOR SALE

1625 Niles Rd Summerland Key, FL 33042

Estimated Value: $2,025,000 - $2,829,000

3 Beds
3.5 Baths
2,200 Sq Ft
$1,178/Sq Ft Est. Value

Last Sold October 10, 2012

Last sale price $1,150,000 $523 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $16,005/month

125 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Granite Countertops
  • Workshop
  • Boat Lift
  • No HOA
  • Laundry Room

About This Home

As of October 2012

Very Private 1 Acre Open Water Home With Deep Water Access for Great Boating,Fishing and Diving From Your Dock! 3 Master en Suite Bedrooms,additional 1/2 Bath; Separate Office Space; Custom Kitchen With Granite Counters; Legal Oversized Ground Level Workshop/Storage. Open Decks For The Sun and Sunset Lovers; 360 Degree Views From This Immaculate Home.The Best Value Open Water Home On The Market! Ready for your personal style! Add a pool and have it all. True Keys living can still be found in 2012.

Last Agent to Sell the Property

Joan Kelley

Ocean Sotheby's International Realty Listed on: 06/01/2012

Last Buyer's Agent

Gregory Maclaren

Internet Realty of the Florida Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,446

Year Built

  • Built in 1995

Lot Details

  • 1.06 Acre Lot
  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Property is zoned NA - Native Area District

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,200 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • French Doors
  • Entrance Foyer
  • Workshop
  • Storage
  • Utility Room
  • Tile Flooring
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Carport
  • Off-Street Parking

Outdoor Features

  • Boat Lift
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System
  • Aerobic Septic System

Community Details

  • No Home Owners Association
  • Misc Summerland Key Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,446

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • K W Neighborhood: Outside of Key West
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3445.75
  • Title: Negotiable
  • Vehicle Storage: Carport, Off Street Parking
  • Year Built: 1995
  • Alternate Key Number: 1145165
  • Building Style Stilt Column Height: LZVZI459X2Q
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 46174.00
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2200.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Storage, Split Bedroom, Granite Counter Top, Entrance Foyer
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Utility Room, Workshop
  • Windows/Doors: French Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift, Other Dockage
  • Waterfront: Bay Front, Gulf Front, Open Water
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

  • Utilities: Aerobic System, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.06

Rental Info

  • Furnished: Negotiable, Unfurnished

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2012
Closed on
Oct 4, 2012
Sold by
Leando Peter and Leando Rebecca R
Bought by
Mckenna Martin J and Mckenna Karen N
Seller's Agent
Joan Kelley
Ocean Sotheby's International Realty
Buyer's Agent
Gregory Maclaren
Internet Realty of the Florida Keys (KW)
List Price
$1,275,000
Sold Price
$1,150,000
Premium/Discount to List
-$125,000
-9.8%
Total Days on Market
125
Current Estimated Value
$2,590,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,440,841
Avg. Annual Appreciation
7.67%
Original Mortgage
$700,000
Outstanding Balance
$507,480
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,436,362

Purchase Details

Closed on
Jun 3, 2011
Sold by
Conover Fred A and Conover Grace B
Bought by
Leando Peter and Leando Rebecca R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 1, 1991
Bought by
Mckenna Martin J and Mckenna Karen N

Purchase Details

Closed on
Mar 1, 1989
Bought by
Mckenna Martin J and Mckenna Karen N

Purchase Details

Closed on
Sep 1, 1983
Bought by
Mckenna Martin J and Mckenna Karen N

Purchase Details

Closed on
Dec 1, 1982
Bought by
Mckenna Martin J and Mckenna Karen N

Purchase Details

Closed on
Aug 1, 1981
Bought by
Mckenna Martin J and Mckenna Karen N
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mckenna Martin J $1,150,000 Attorney
Leando Peter $975,000 Attorney
Mckenna Martin J $115,000 --
Mckenna Martin J $85,000 --
Mckenna Martin J $55,000 --
Mckenna Martin J $1,000 --
Mckenna Martin J $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckenna Martin J $700,000
Previous Owner Leando Peter $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2012 10/10/12 Sold $1,150,000 -9.8% $523 / Sq Ft
10/04/2012 10/04/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $1,275,000 -- $580 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,867 $2,565,509 $1,971,507 $594,002
2023 $18,867 $2,513,642 $1,932,850 $580,792
2022 $17,416 $2,327,309 $1,739,565 $587,744
2021 $15,369 $1,602,875 $1,063,068 $539,807
2020 $14,263 $1,466,540 $937,432 $529,108
2019 $13,697 $1,399,142 $918,104 $481,038
2018 $15,610 $1,559,639 $1,034,075 $525,564
2017 $14,377 $1,475,653 $0 $0
2016 $13,694 $1,392,236 $0 $0
2015 $12,634 $1,177,458 $0 $0
2014 $12,948 $1,328,085 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joan Kelley

    Ocean Sotheby's International Realty

  • G

    Buyer's Agent in 2012

    Gregory Maclaren

    Internet Realty of the Florida Keys (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 116553

Florida Keys Board of REALTORS®

APN: 00114470-005600

Florida Monroe County Summerland Key 33042

1625 Niles Rd, Summerland Key, FL

This home is located at 1625 Niles Rd, Summerland Key, FL 33042 since 01 June 2012 and is currently estimated at $2,590,841, approximately $1,177 per square foot. This property was built in 1995. 1625 Niles Rd is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High School.

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